AvePoint Joins the Russell 3000®, Russell 2000® and Russell Microcap® Indexes
June 27 2022 - 8:00AM
AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management
platform provider, as of market open today joined the Russell
3000®, Russell 2000® and Russell Microcap® Indexes, which are
widely used by investment managers and institutional investors for
index funds, and as benchmarks for active investment strategies.
“AvePoint is pleased to be added to the Russell indexes nearly
one year after our listing on Nasdaq,” said Dr. Tianyi Jiang (TJ),
Co-Founder and CEO, AvePoint. “We look forward to the enhanced
visibility, broader awareness and engagement with the institutional
investor community our inclusion in these indexes will bring as we
continue on our mission to enable organizations to collaborate with
confidence in the modern workplace.”
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 6, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell 2000® Index as well as the
appropriate growth and value style indexes. FTSE Russell determines
membership for its Russell indexes primarily by objective,
market-capitalization rankings and style attributes.
Approximately $12 trillion in assets are benchmarked against
Russell’s US indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell indexes reconstitution,
visit the FTSE Russell website.
Forward Looking StatementsThis press release
contains certain forward-looking statements within the meaning of
the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995 and other federal
securities laws including statements regarding the future
performance of and market opportunities for AvePoint. These
forward-looking statements generally are identified by the words
"believe," "project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"will," "would," "will be," "will continue," "will likely result,"
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: changes in the competitive and regulated industries in
which AvePoint operates, variations in operating performance across
competitors, changes in laws and regulations affecting AvePoint's
business and changes in AvePoint’s ability to implement business
plans, forecasts, and ability to identify and realize additional
opportunities, and the risk of downturns in the market and the
technology industry. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the
"Risk Factors" section of AvePoint’s most recent Quarterly Report
on Form 10-Q, its registration statement on Form S-1 and related
prospectus and prospectus supplements, and in its subsequent
filings made to the SEC. Copies of these and other documents filed
by AvePoint from time to time are available on the SEC's website,
www.sec.gov. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and AvePoint does not assume any
obligation and does not intend to update or revise these
forward-looking statements after the date of this release, whether
as a result of new information, future events, or otherwise, except
as required by law. AvePoint does not give any assurance that it
will achieve its expectations.
About AvePointCollaborate with confidence.
AvePoint provides the most advanced platform for SaaS and data
management to optimize SaaS operations and secure collaboration.
More than 9 million cloud users rely on our solutions. Our SaaS
solutions are also available to managed service providers via more
than 100 cloud marketplaces, so they can better support and manage
their small and mid-sized business customers. Founded in 2001,
AvePoint is a five-time Global Microsoft Partner of the Year and
headquartered in Jersey City, New Jersey. For more information,
visit https://www.avepoint.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com.
Investor Contact ICR for AvePointMarc P.
Griffinir@avepoint.com646-277-1290
Media Contact Nicole
Caci AvePoint Nicole.caci@avepoint.com 201-201-8143
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